## **Trustees’ Annual Report for the period** **From 1[st] September 2019 Period start date To Period end date 31[st] August 2020** ## **Charity name: INTRUMENTS OF TIME AND TRUTH** ## **Charity registration number: 1159371** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**To further the knowledge and**
**appreciation of baroque and classical**
**music in students and the general**
**public through teaching and performing.**| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|**Performing baroque and classical**
**music. Teaching young people about**
**early music performance practice.**| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**Yes.**| **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|| |Policy on social investment
including program related
investment|Para 1.38|| |Contribution made by
volunteers|Para 1.38|| |Other||| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|During the 2019/2020 season, Instruments of
Time and Truth, like all arts organisations, had
their activities curtailed in March 2020.
Before the lockdown in March 2020, IT&T
toured with Messiah in Spain (December 2019)
and took part in the Valetta Festival in January
2020.
We are pleased that monthly donations from
our Friends Scheme paid for our administrator,
Will Anderson. An anonymous donation was
used to pay honoraria for administration costs.
Donations from the Doris Field Trust were used
to fund an Intern, and to pay for additional
administration on the Warwick Project.
**Community Outreach**
In August 2020, IT&T began a project were
invited to take part in a Music in Hospitals
scheme promoted by Oxford Health. It was
agreed that the Orchestra would fund these
small concerts in community hospitals. Sadly,
the project had been halted by Covid19 but it is
hoped that it will resume after the restrictions
are lifted.
**Events throughout the year that the orchestra**
**promoted itself were as follows:**
October 2019:Eroica. This concert was a
wonderful opportunity to showcase our leader
Bojan Cicic as soloist in a performance of the
Beethoven Violin Concerto and also the Eroica
Symphony. This concert was supported by the
British Croatian Society with a donation of
£250.00 but lost £8,400.00.
November 2019 : Adriatica was our next concert
in the Holywell Music Room. This concert lost
£3,744.00.
December 2019 : Messiah in the University
Church of St Mary the Virgin has become a very
popular annual event and broke even.
February 21st2020 : Youthful Exuberance at The
Holywell Music Room lost £3,700.00| In spite of losses on our own-promotion concerts, they are an important part of our profile and help build up a local audience, giving them an accessible opportunity to hear music performed on period instruments. **Educational events were as follows:** October 2019 **: Schools workshop hosted by Abingdon School** partially funded by AS, IT&T contributed £981.00. November 2019 : **Baroque String Course** for which the Orchestra contributed £141.00. This is part of the Oxford InSpires partnership. February 2020 : Chalumeau workshop at Oxford County Music Service. August 2020 : Warwick University gave money to make a selection of films which were used for educational purposes. IT&T Education fund was also used to pay for an Education Officer for the Orchestra. **Events within the community where the orchestra was booked were as follows:** 9[th] November 2019 – Queen’s College tercentenary concert 19[th] December 2019 – Tetbury Messiah 19[th] January 2020 – Bach Magnificat with St Edward’s School 1[st] February 2020 – Bach’s B Minor Mass with Summertown Choral Society 15[th] February 2020 - Monteverdi Vespers at Queen’s College 11[th] March 2020 – St John Passion with Somerville College **Cancelled Events :** Collaboration with New College School (March), Merton College (April) And Schola Cantorum (May). Gabriel Amherst, Trustee February 2021 **Additional information (optional)** You may choose to include further statements where relevant about: Para 1.41 |Achievements against
objectives set||| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|| |Investment performance
against objectives|Para 1.41|| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|**£91,509.00**| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**IT&T needs to hold enough reserves to**
**cover the losses of a major concert,**
**should this not be covered by insurance**
**for any reason.**| |Amount of reserves held|Para 1.22|**£34,000.00**| |Reasons for holding zero
reserves|Para 1.22|| |Details of fund materially in
deficit|Para 1.24|| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|| |Details of fund materially in
deficit
Para 1.24
Explanation of any
uncertainties about the
charity continuing as a going
concern
Para 1.23|Details of fund materially in
deficit
Para 1.24
Explanation of any
uncertainties about the
charity continuing as a going
concern
Para 1.23|| |---|---|---| |**Additional information (optional)**
You may choose to include further statements||where relevant about:| |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|**CIO FOUNDATION**| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**CIO**| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|**By resolution passed at a properly**
**convened meeting of the Charity**
**Trustees.**
**In nominating a Trustee, the Trustees**
**shall have regard to the skills,**
**knowledge and experience needed for**
**the effective administration of the CIO.**| ## **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| |Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|| |Relationship with any related
parties|Para 1.51|| |Other||| ## **Reference and Administrative details** |Charity name|INSTRUMENTS OF TIME AND TRUTH| |---|---| |Other name the charity uses|| |Registered charity number|1159371| |Charity’s principal address|8 Park Road, Henstridge, Templecombe, BA8 0QP| ||| ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Prof Angus
Hawkins|Chair||| ||Prof John
Muellbauer|||| ||Dr Janine Aron|||| ||Prof Louise Gullifer|||| ||Jitka Fort|||| ||Gabriel Amherst|||| ||Jessica Osborne|||| ||AnthonyKedross||May2020|| ||Brittany Wellner
James|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – Corporate trustees names of the directors at the date the report was approved **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Type of**|**Name**|**Address**| |---|---|---| |**adviser**||| **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** **Report to the trustees/** Charity Name Instruments of Time and Truth **members of On accounts for the year** 31 August 2020 **Charity no** 1159371 **ended (if any) Set out on pages** (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/08/2020 - As the charity trustees of the Trust, you are responsible for the preparation ## **Responsibilities and** of the accounts in accordance with the requirements of the Charities Act **basis of report** 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. **Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect: - accounting records were not kept in accordance with section 130 of the Act or - the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. * _Please delete the words in the brackets if they do not apply._ **Date:** 12 March 2021 **Signed: Name:** ALAN RICHARD GOODWIN **Relevant professional qualification(s) or body (if any): Address:** 2 North Street Oxford OX2 0AY ## **Section B Disclosure** Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). 1 **October 2018** **IER** ## **Section B** ## **Balance sheet** |Guidance Notes
**Fixed assets**
**Intangible assets**
**(Note 15)**
B01
**Tangible assets**
**(Note 14)**
B02
**Heritage assets**
**(Note 16)**
B03
**Investments**
**(Note 17)**
B04
**_Total fixed assets_**
B05
**Current assets**
**Stocks**
**(Note 18)**
B06
**Debtors**
**(Note 19)**
B07
**Investments**
**(Note 17.4)**
B08
**Cash at bank and in hand (Note 24)**
B09
**_Total current assets_**
B10
**Creditors: amounts falling due within**
**one year (Note 20)**
B11
**_Net current assets/(liabilities)_**
B12
**_Total assets less current liabilities_**
B13
**Creditors: amounts falling due after**
**one year (Note 20)**
B14
**Provisions for liabilities**
B15
**_Total net assets or liabilities_**
B16
**Funds of the Charity**
**Endowment funds (Note 27)**
B17
**Restricted income funds (Note 27)**
B18
**Unrestricted funds**
B19
**Revaluation reserve**
B20
**_Total funds_**
B21|**Unrestricted**
**funds**
**£**
F01|**Restricted**
**income**
**funds**
**£**
F02|**Endowment**
**funds**
**Total this**
**year**
**£**
**£**
F03
F04|**Endowment**
**funds**
**Total this**
**year**
**£**
**£**
F03
F04|**Total last**
**year**
**£**
F05| |---|---|---|---|---|---| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||||||| ||-|-|-|-|-| ||6,011|-|-|6,011|1,975| ||-|-|-|-|| ||58,449|22,080|-|80,529|80,116| ||64,460|22,080|-|86,540|82,091| ||||||| ||2,300|4,494|-|6,794|600| ||||||| ||62,160|17,586|-|79,746|81,491| ||||||| ||62,160|17,586|**-**|79,746|81,491| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||||||| ||62,160|17,586|-|79,746|81,491| ||||||| ||-|||-|-| |||-||-|-| ||||-|-|-| |||||-|| ||-|-|-|-|-| CC17a (Excel) 16/02/2021 1 |Instruments of Time and Truth|Instruments of Time and Truth|Instruments of Time and Truth|Charity No
(if any)|1159371|| |---|---|---|---|---|---| |Annualaccountsforthe period|||||| |Period start date|**01/09/2019**|**To**|Period end
date|31/08/2020|| ## **Section A Statement of financial activities** |**Recommended categories by**
**activity**
Guidance Notes
**Incoming resources (Note 3)**
**Income and endowments from:**
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income
S05
Other
S06
S07
**Resources expended (Note 6)**
**Expenditure on:**
Raising funds
S08
Charitable activities
S09
Separate material item of expense
S10
Other
S11
S12
S13
Net gains/(losses) on investments
S14
S15
**Extraordinary items**
S16
S17
S18
Other gains/(losses)
S19
S20
**_Reconciliation of funds:_**
S21
S22
1
**_Total_**
**_Net movement in funds_**
Total funds brought forward
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) before investment**
**gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fixed assets for the charity’s own use|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05| |---|---|---|---|---|---| ||10,866|10,340|-|21,206|51,435| ||107,537|-|-|107,537|218,040| ||-|-|-|-|-| ||13|-||13|-| ||-|-|-|-|-| ||5,034|-|-|5,034|4,584| ||123,450|10,340|-|133,790|274,059| ||||||| ||-|-|-|-|-| ||124,190|11,345|-|135,535|220,631| ||-|-|-|-|-| ||-|-|-|-|11,262| ||124,190|11,345|-|135,535|231,893| ||||||| ||739
-|1,005
-|-|1,744
-|42,166| ||-|-|-|-|-| ||739
-|1,005
-|-|1,744
-|42,166| ||-|-|-|-|-| ||-|-|-|-|-| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||739
-|1,005
-|-|1,744
-|42,166| ||||||| ||-|-|-|-|39,325| ||739
-|1,005
-|-|1,744
-|81,491| ||||||| The trustees declare that they have approved the trustees. report abov Signed on behalf of the charity's trustsès Signaturels) Full name(s) Position (eg Secretary, Chair, ets) ESFIG41 Mftf.Y CLI 7 A £ETH Date 2c44- J 2JLI